... for a 5.10 credit.
Notes: Probably should wait until I get back from vacation, but wanted to take advantage of this down move a little bit here. Selling the 18, buying the 15 delta here to get into a spread paying at least 10% of the width in credit. For smaller accounts, the correspondent SPY short put vertical would be the June 18th 382/387 -- selling the 17 and buying the 14, currently paying .52 at the mid.
We'll see how things go, but will start to look at taking profit at 50% max; managing loss at 2 x credit received.
Notes: Probably should wait until I get back from vacation, but wanted to take advantage of this down move a little bit here. Selling the 18, buying the 15 delta here to get into a spread paying at least 10% of the width in credit. For smaller accounts, the correspondent SPY short put vertical would be the June 18th 382/387 -- selling the 17 and buying the 14, currently paying .52 at the mid.
We'll see how things go, but will start to look at taking profit at 50% max; managing loss at 2 x credit received.
